Onlookers frequently confuse edge with style...Edge means generating excess returns because of mispricing. Style suggests being in the right place at the right time. Sometimes edge and style overlap, sometimes they don't.
Edge also implies what Ben Graham....called a margin of safety. You have a margin of safety when you buy an asset at a price that is substantially le… - Michael Mauboussin
Edge also implies what Ben Graham....called a margin of safety. You have a margin of safety when you buy an asset at a price that is substantially le…
- Michael Mauboussin
A thoughtful investment process contemplates both probability and payoffs and carefully considers where the consensus - as revealed by a price - may … - Michael Mauboussin
A thoughtful investment process contemplates both probability and payoffs and carefully considers where the consensus - as revealed by a price - may …
We have no control over outcomes, but we can control the process. Of course, outcomes matter, but by focusing our attention on process, we maximize o… - Michael Mauboussin
We have no control over outcomes, but we can control the process. Of course, outcomes matter, but by focusing our attention on process, we maximize o…
The plural on anecdote is not evidence - Michael Mauboussin
The plural on anecdote is not evidence
At the core of an analytical edge is an ability to systematically distinguish between fundamentals and expectations. Fundamentals are a well thought … - Michael Mauboussin
At the core of an analytical edge is an ability to systematically distinguish between fundamentals and expectations. Fundamentals are a well thought …
People are, by and large, quite poor at judging correct absolute values but are astute about determining relative values. Psychologists call this coh… - Michael Mauboussin
People are, by and large, quite poor at judging correct absolute values but are astute about determining relative values. Psychologists call this coh…
Emphasising what's in your control allows you to adopt an attitude of equanimity toward luck. You've done what you can, and from there you have to li… - Michael Mauboussin
Emphasising what's in your control allows you to adopt an attitude of equanimity toward luck. You've done what you can, and from there you have to li…
Onlookers frequently confuse edge with style...Edge means generating excess returns because of mispricing. Style suggests being in the right place at… - Michael Mauboussin
Onlookers frequently confuse edge with style...Edge means generating excess returns because of mispricing. Style suggests being in the right place at…
Humans have a strong desire to be part of a group. That desire makes us susceptible to fads, fashions, and idea contagions. - Michael Mauboussin
Humans have a strong desire to be part of a group. That desire makes us susceptible to fads, fashions, and idea contagions.
Login to join the discussion
Login to join the discussion